Trs retiree surcharge rates update 9 1 2013
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TRS Retiree Surcharge Rates Update 9/1/2013 PowerPoint PPT Presentation


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TRS Retiree Surcharge Rates Update 9/1/2013. TRS Rule 31.41 & Rule 41.4 David r. Lerma Payroll Services. Agenda. TRS Return to Work Employer Pension Surcharge Employer Health Benefits Surcharge (TRS-Care). TRS Return to Work Employer Pension Surcharge.

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TRS Retiree Surcharge Rates Update 9/1/2013

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Trs retiree surcharge rates update 9 1 2013

TRS Retiree Surcharge Rates Update 9/1/2013

TRS Rule 31.41 & Rule 41.4

David r. Lerma

Payroll Services


Agenda

Agenda

TRS Return to Work Employer Pension Surcharge

Employer Health Benefits Surcharge (TRS-Care)


Trs return to work employer pension surcharge

TRS Return to Work Employer Pension Surcharge

  • Prior to 9/1/2013 (Rule 31.41):

    • TRS Pension Surcharges applied to retirees who retired after 9/1/2005 & worked 4 hours (50%) or more and for 4 ½ months.

    • Surcharge amount was 12.8% on the compensation paid to the retiree.

    • Departments incurred the pension surcharge due to TRS.

    • In August 2013, UTSA had 18 employees with an incurred expense of $5,191.60


Trs return to work employer pension surcharge1

TRS Return to Work Employer Pension Surcharge

  • Post 9/1/2013 (Rule 31.41):

    • TRS Pension Surcharges will apply to retirees who retired after 9/1/2005 & working greater than 4 hours per each work day in that calendar month. (>50% on a monthly basis)

    • Surcharge amount is 13.2% on the compensation paid to the retiree. (Employer portion increased by .4%)

    • Departments will continue to incur the pension surcharge due to TRS.

    • As of September, UTSA had 13 employees with an incurred expense of $6,045.00


Employer health benefits surcharge trs care

Employer Health Benefits Surcharge (TRS-Care)

  • Post 9/1/2013 Update(Rule 41.4):

    • TRS Care is a Self-funded retiree health benefits program administered by TRS.

    • TRS Care monthly premiums are a flat fee based on the level of coverage. (Determined by TRS)

    • Department will owe TRS Care Surcharge if the retiree is:

      • Retired AFTER 9/1/2005

      • Working greater than 4 hours per each work day in any calendar month. (>50% on a monthly basis)

      • Covered under TRS Care


Employer health benefits surcharge trs care1

Employer Health Benefits Surcharge (TRS-Care)

  • As of September, UTSA had 3 retirees participating in TRS Care with an incurred expense of $1,374.

  • Departments will incur the TRS-Care Surcharge expense.

  • Examples of TRS-Care Participants

    • Charter School Retiree

    • ISD Retiree

      Questions: [email protected]


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